Cost of Living in Vincennes, IN

Housing

The housing market plays a significant role in determining the cost of living in Vincennes, IN.

• Housing Index: 85.0 / 100
• Median Home Price is: $153000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Vincennes, IN? The housing index of 85.0 suggests a relatively affordable market, making it a favorable environment for potential buyers and renters alike. With a median home price of 153000 and average rents of 1200 for a 2BR apartment and 1360 for a 2BR house, this area offers great opportunities for homeownership and rental income. Furthermore, lower cost of living and access to amenities could enhance your lifestyle here, making it an attractive option for families and professionals.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vincennes, IN.

• Electricity Price: 14.89 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Vincennes, IN could entail higher utility costs. Electricity costs sit at 14.89, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $47376

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Vincennes, IN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.